Investors in Japanese listed companies pushed boards on director independence, diversity, and climate change in this year’s proxy voting season, according to a new review.
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Japanese electronics giant Toshiba’s chairman has been ousted from his role by shareholders at the company’s AGM held on 25 June.
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23% of shareholders backed a resolution to align MUFG with the Paris Climate Agreement July 2, 2021 Mitsubishi UFJ Financial Group (MUFG) shareholders have defeated a proposal to better align the business with global climate change targets, but the 23% of shareholders who voted in favour of the resolution have sent a “stark climate warning” […]
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A coalition of almost 200 US shareholder groups has launched a campaign to overthrow new SEC rules that they claim are an “an attack on corporate democracy”.
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BlackRock ups the pressure on Exxon Mobil BlackRock has shown it can get serious with portfolio companies, this week cranking up the pressure on Exxon Mobil by voting against the re-election of several of the company’s leadership team. Citing insufficient progress on sustainable reporting, an inadequate mix of skillsets and an inability to assess material […]
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Santos, one of the largest oil and gas producers in Australia, has suffered a huge revolt by shareholders over its strategy on climate change. At last week’s annual investor meeting, over 43% of Santos shareholders defied the board and backed a resolution to set harder emission targets. The resolution was tabled by an ethical investment […]
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Major investors demand change at Barclays A group of investors has filed a landmark shareholder resolution with banking giant Barclays over its financing of fossil fuel intensive companies. Eleven major institutional investors, including Brunel Pension Partnership and LGPS Central, together with more than 100 shareholders, have urged Barclays to phase out its financing of fossil […]
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Mining titan BHP is facing growing shareholder dissent over its close links with industry groups that support the fossil fuel industry – with over a quarter of its investors voting to end these affiliations. At the Anglo-Australian mining group’s AGM held last week, 27.07% of shareholders voted for a resolution to suspend BHP’s membership of industry associations that are involved in lobbying found […]
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A coalition of at least 74 investors has filed resolutions at 50 US companies asking for more disclosure of payments for lobbying, including to trade associations. The resolutions have been coordinated by Walden Asset Management and American Federation of State, County and Municipal Employees (AFSCME). Walden and the AFSCME said the 2018 resolutions had been filed […]
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Four of the top ten largest asset managers in the US voted in support of a climate change-related shareholder resolution for the first time ever during 2017 research by Fund Votes for the pressure group, Ceres has found. The asset management firms that voted for the first time in favour of a climate-related proposal were […]
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